(NYSE: SPA) has scheduled a 5 October shareholder vote on the company's agreed deal to be acquired by UK-based defence contractor
Ultra Electronics Holdings plc (LSE: ULE) for USD 23.50 per share in cash, the company said.
The ratings take into account the company's position as the largest defence contractor
in the world in terms of revenue, its strong operating performance, solid cash generation and ample liquidity.
The rise in sales of high-tech systems comes as defence contractors
try to move away from traditional military hardware projects, which are vulnerable to cuts as the Pentagon looks to trim defence spending after several years of sharp growth.
BAE Systems is the UK's biggest defence contractor
and is lead contractor for the aircraft carriers which are set to bring work to thousands of Tyneside workers.
With a strong domestic market, US defence contractors
can make the most of export opportunities.
Also, Harris is the longest-thriving major defence contractor
and one of 398 publicly held companies still in existence for 120 years or longer , which includes GE, CVS, Coca-Cola, Pfizer, P&G, and J.P.
1 US defence contractor
on Friday, according to sources familiar with the deal.
Norwegian high-tech VMETRO ASA (OSE: VME) said on Friday (19 September) that its US subsidiary, VMETRO Inc, has received an order for wide-band Vortex data recording systems from a US defence contractor
US defence contractor
Northrop Grumman Corporation is competing against French group Thales to win the programme, although Thales has recently emerged as the front-runner.
AN ARMED worker with the top defence contractor
in the US shot dead five colleagues yesterday before killing himself.
Summary: At a conference held in Abu Dhabi, local firms discussed their manufacturing capabilities with leading US defence contractor
General Dynamics for future collaboration.
Norwegian embedded systems supplier VMETRO ASA said on Friday (8 February) that its US subsidiary VMETRO Inc has received a NOK4.2m order from an unnamed US defence contractor
Boeing has ruled out a takeover of British defence contractor
BAE Systems, ending years of speculation over a possible deal.